The Semafor 3LZZ Scanner Dashboard can be found in the Indicator section of the MQL5 marketplace, the scanner has quite a distinct name, but we have provided a link below just to make sure that you know exactly which item we are looking at. The indicator was first uploaded on the 22nd of August 2019, it was created by Abir Pathak and has recently been updated on the 7th of January 2020, this brought the indicator up to version 1.4.
Overview
The Semafor 3LZZ Scanner Dashboard is an indicator that has been created for the MetaTrader 4 trading platform, the indicator works by using the 3LZZ indicator in the background in order to find semafors, it will look for level 3 semafors as they specify a strong signal.
The dashboard displays a number of different things, the meanings of them are:
- Green font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on the current bar
- Red font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on the current bar
- Orange 1/1 or 2/2 or 3/3: Both Bullish and Bearish semafors on the current bar (very rarely occurs)
- Green Block: 3(4): Bullish Semafor 3 occurred 4 bars back
- Red Block: 3(2): Bearish Semafor 3 occurred 2 bars back
- No semafors
- Semafor 3 in previous bars but hidden because higher timeframe has a current bar semafor
There are also a large number of settings available, these can alter the way that the indicator functions and also displays its information to better suit your own requirements. Some of these settings include specifying your own pairs, preferred timeframes, settings for showing popups and alerts, font sizes, to check previous bars, and many other options are also available.
Service Cost
The indicator will currently cost you $40 to purchase it outright when purchasing it, you will be granted unlimited access with no restrictions. If you would prefer to rent it instead, there are two options available, you can rent if or one month which will cost you $10 per month, you are also able to rent it for a three month period which will cost you $20 every three months. A free demo version is also available. However, this will have some limitations on it, we do not currently know what the limitations are.
Conclusion
There are just two reviews available for the Semafor 3LZZ Scanner Dashboard indicator, both of them are giving the indicator a 5 out of 5 reviews.
“EXCELLENT FOR FINDING NEW TRADES TO ENTER. LOVE IT!!!”
“If you use and like this indicator which I do, then you should love this scanner!”
There arent many reviews, but the two available show that the dashboard does seem to be working, there are also a number of comments, the creator seems to be replying to each comment, there is a little delay but nothing that wouldn’t be expected, hopefully, the same response is given to those that have purchased the indicator too. As always, make sure you download and try out the free version, just to make sure it works for you and has the features you need before you put any money down for a purchase or rental.
This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/41459
